India flags cricket rights concerns with Disney-Reliance $8.5 bln merger

20 August 2024, 12:00 am

1 min read

FILE PHOTO: Disney and Reliance logos are seen in this illustration taken, August 13, 2024. REUTERS/Dado Ruvic/Illustration//File Photo

Reuters exclusively reported that India’s antitrust body has reached an initial assessment that the $8.5 billion India merger of Reliance and Walt Disney media assets harms competition due to their power over cricket broadcast rights. It is the biggest setback so far to the planned Disney-Reliance merger, which aims to create India’s biggest entertainment player with a combined 120 TV channels and two streaming services.